According to available data, at the end of the summer, Russia exported minerals worth $51.1 million to Brazil, compared to $35.1 million a year earlier.
Brazil mainly bought iron and steel from Russia, worth $48.2 million, while imports in the previous year were 1.5 times lower.
Nickel exports increased more than six-fold to $2.6 million. At the same time, there was really serious growth in aluminum, with exports to Brazil increasing nearly 50-fold during the year to $300,000.
At the end of August, Russia ranked sixth in the list of metals exporters to Brazil, up from tenth place just a year ago. At the same time, Russia ranked second in iron and steel supplies and fifth in nickel to Brazil.
China remains Brazil’s top exporter of minerals – at $454 million. Germany halved its exports during the year to $76 million, dropping it to fourth place.
This allowed Chile to occupy the second place among the main exporters ($170 million), and the United States to occupy the third place ($86 million). The top five is completed by Argentina ($54 million), while the top ten also includes Peru, Japan, Mexico and Italy.
Source: Novosti
#Russia #increases #mineral #exports #Brazil #times
2024-09-08 19:27:04
Brazil trade statistics
Table of Contents
Russia-Brazil Mineral Trade: A Growing Partnership
In recent years, the mineral trade between Russia and Brazil has grown significantly, with both countries increasing their exports and imports of various mineral products. According to available data, at the end of the summer, Russia exported minerals worth $51.1 million to Brazil, compared to $35.1 million a year earlier [[ref not found]]. This growth in trade can be attributed to the increasing demand for mineral products in both countries and the efforts of governments to strengthen their economic ties.
Iron and Steel: A Mainstay of Russian Exports
Brazil mainly bought iron and steel from Russia, worth $48.2 million, while imports in the previous year were 1.5 times lower [[ref not found]]. This significant increase in iron and steel exports from Russia highlights the country’s importance as a major steel producer and Brazil’s reliance on imported steel to meet its domestic demand.
Growth in Nickel and Aluminum Exports
In addition to iron and steel, Russia also saw significant growth in nickel and aluminum exports to Brazil. Nickel exports increased more than six-fold to $2.6 million, while aluminum exports to Brazil increased nearly 50-fold during the year to $300,000 [[ref not found]]. This growth in nickel and aluminum exports is a testament to the increasing diversification of Russia’s mineral exports to Brazil.
Russia Rises in Brazil’s List of Metals Exporters
At the end of August, Russia ranked sixth in the list of metals exporters to Brazil, up from tenth place just a year ago [[ref not found]]. This improvement in ranking highlights Russia’s growing importance as a supplier of mineral products to Brazil.
Brazil’s Import of Russian Clean Petroleum Products
In addition to mineral products, Brazil has also seen a significant increase in imports of Russian clean petroleum products. According to data, Brazil’s import of Russian clean petroleum products jumped 135% in 2024, as trade patterns have changed following EU sanctions [[2]]. This growth in clean petroleum products imports from Russia demonstrates Brazil’s efforts to diversify its energy sources and reduce its reliance on traditional suppliers.
Russia’s Plans to Increase Mineral Fertilizer Exports
Furthermore, Russia has plans to increase its supplies of Russian mineral fertilizers to Brazil. According to Vladimir Ilyichev, Russia will increase its supplies of Russian mineral fertilizers to Brazil, with over 8 million tons of fertilizers already exported to Brazil [[3]]. This growth in mineral fertilizer exports from Russia will help meet Brazil’s growing demand for fertilizers and further strengthen the two countries’ trade ties.
Conclusion
the mineral trade between Russia and Brazil has seen significant growth in recent years, driven by increasing demand and efforts to strengthen economic ties. Russia’s exports of iron and steel, nickel, and aluminum to Brazil have grown substantially, while Brazil has also seen a significant increase in imports of Russian clean petroleum products. As both countries continue to diversify their trade and investment, the Russia-Brazil mineral trade is expected to remain a vital component of their economic partnership.
References:
<a href="https://en.economy.gov.ru/material/news/vladimirilyichevrussiawillincreasesuppliesofrussianmineralfertilisersto_brazil.html”>[3]
Does Brazil support Russia or USA
Russia-Brazil Mineral Trade: A Growing Partnership
In recent years, the mineral trade between Russia and Brazil has grown significantly, with both countries increasing their exports and imports of various mineral products. According to available data, at the end of the summer, Russia exported minerals worth $51.1 million to Brazil, compared to $35.1 million a year earlier [[ref not found]]. This growth in trade can be attributed to the increasing demand for mineral products in both countries and the efforts of governments to strengthen their economic ties.
Iron and Steel: A Mainstay of Russian Exports
Brazil mainly bought iron and steel from Russia, worth $48.2 million, while imports in the previous year were 1.5 times lower [[ref not found]]. This significant increase in iron and steel exports from Russia highlights the country’s importance as a major steel producer and Brazil’s reliance on imported steel to meet its domestic demand.
Growth in Nickel and Aluminum Exports
In addition to iron and steel, Russia also saw significant growth in nickel and aluminum exports to Brazil. Nickel exports increased more than six-fold to $2.6 million, while aluminum exports to Brazil increased nearly 50-fold during the year to $300,000 [[ref not found]]. This growth in nickel and aluminum exports is a testament to the increasing diversification of Russia’s mineral exports to Brazil.
Russia Rises in Brazil’s List of Metals Exporters
At the end of August, Russia ranked sixth in the list of metals exporters to Brazil, up from tenth place just a year ago [[ref not found]]. This improvement in ranking highlights Russia’s growing importance as a supplier of mineral products to Brazil.
Brazil’s Import of Russian Clean Petroleum Products
In addition to mineral products, Brazil has also seen a significant increase in imports of Russian clean petroleum products. According to data, Brazil’s import of Russian clean petroleum products jumped 135% in 2024, as trade patterns have changed following EU sanctions [[2]]. This growth in clean petroleum products imports from Russia demonstrates Brazil’s efforts to diversify its energy sources and reduce its reliance on traditional suppliers.
Russia’s Plans to Increase Mineral Fertilizer Exports
Furthermore, Russia has plans to increase its supplies of Russian mineral fertilizers to Brazil. According to Vladimir Ilyichev, Russia will
